Live

Repeat: Off The Ball

10:00 PM-12:00 AM

Repeat: Off The Ball
Welsh Rugby Union preparing fo...
Rugby

Welsh Rugby Union preparing for substantial financial loss

The Welsh Rugby Union say they're anticipating a "substantial" financial loss for this year due to season being held up by the COVID-19 crisis. 

The outbreak has halted until rugby in Wales until the end of the month and the WRU have announced a payment of £1,000 to each of their clubs.

"It is not clear when we will be able to resume playing. The indications are that it will be months rather than weeks before we can resume," Welsh Rugby admitted of the potential layoff period.

"Financially, the year was tracking to plan. However, circumstances have dictated that the current situation is abnormally challenging on and off the pitch.

"We have more unknowns than knowns. The WRU is forecasting a significant drop in revenue from international and club competitions. Our stadium events programme is also uncertain.

"As a consequence, we will make a substantial loss this year and we are forecasting a knock-on impact into the next financial year at least, as we expect it to take time for our operations to return to business as usual status.

"We understand and acknowledge that the situation is the same for all rugby entities inside and outside Wales, as it is for many Welsh businesses and organisations.

"We will stand alongside key stakeholders and partners in Wales, and in particular recognise our responsibility to play our part to bring stability."

 

Download the brand new OTB Sports App in the Play Store & App Store right now! We've got you covered!

Subscribe to Off The Ball's YouTube channel for more videos, like us on Facebook or follow us on Twitter for the latest sporting news and content.


Live: Title

Description

Added to queue
Removed from queue

On Air

Share

Share

Next up in queue

Title
Description
Duration

There are currently no podcasts in the queue

Go to podcasts

On Air

Repeat: Off The Ball

Repeat: Off The Ball

10:00 PM-12:00 AM

Share

Up next

Repeat: OTB AM

Repeat: OTB AM

12:00 AM-02:00 AM

Share

Repeat: Off The Ball

Repeat: Off The Ball

02:00 AM-05:00 AM

Share

Repeat: OTB AM

Repeat: OTB AM

05:00 AM-07:00 AM

Share

Highlights on Off The Ball

Highlights on Off The Ball

07:00 AM-07:30 AM

Share

LIVE: OTB AM

LIVE: OTB AM

07:30 AM-10:00 AM

Share

Repeat: OTB AM

Repeat: OTB AM

10:00 AM-12:00 PM

Share

Leaders Questions with Stuart Lancaster

Leaders Questions with Stuart Lancaster

12:00 PM-01:00 PM

Share

OTB Gold

OTB Gold

01:00 PM-02:00 PM

Share

Highlights on Off The Ball

Highlights on Off The Ball

02:00 PM-05:00 PM

Share

LIVE: Wednesday Night Rugby

LIVE: Wednesday Night Rugby

05:00 PM-06:00 PM

Share

OTB Gold

OTB Gold

06:00 PM-07:00 PM

Share

LIVE: Newsround

LIVE: Newsround

07:00 PM-07:30 PM

Share

LIVE: Off The Ball

LIVE: Off The Ball

07:30 PM-08:00 PM

Share

LIVE: Wednesday Night Rugby

LIVE: Wednesday Night Rugby

08:00 PM-09:00 PM

Share

LIVE: The Football Show

LIVE: The Football Show

09:00 PM-10:00 PM

Share

Repeat: Off The Ball

Repeat: Off The Ball

10:00 PM-12:00 AM

Share

00:00:00 / 00:00:00

Share on